Uniti Raises 2026 Revenue Outlook After Fiber Bookings

The Tip Desk · November 12, 2026 · 3 min read

The fiber provider lifted full-year 2026 revenue guidance to $3,665 million to $3,695 million after Fiber Infrastructure bookings reached the second-highest level on record.

Uniti Group Inc. (UNIT) raised its full-year 2026 revenue outlook to $3,665 million to $3,695 million after Fiber Infrastructure new bookings monthly recurring revenue reached about $1.9 million, the second-highest level on record, even as third-quarter revenue and Adjusted EBITDA continued to decline sequentially.

The company said the update reflected business-unit revisions, recent financing transactions, and transaction-related and other costs incurred to date. It also shifted its full-year net loss outlook to ($620) million to ($590) million from ($450) million to ($400) million, lifted Adjusted EBITDA guidance to $1,460 million to $1,490 million, and raised net interest expense to $800 million from $785 million. The outlook excludes future acquisitions, capital-market transactions, and additional transaction costs.

Consolidated revenue was $848.1 million in the third quarter, down from $909.7 million in the second quarter after a sequential drop from $987.5 million in the first quarter. Adjusted EBITDA was $289.3 million. Net loss was $244.5 million. Consolidated fiber revenue grew 6% year over year, slower than 10% in the second quarter and 15% in the first.

Kinetic, the consumer fiber brand, contributed $515.3 million of revenue and $190.2 million of contribution margin, for margins of about 37%. Consumer fiber revenue grew 22% year over year. The company added about 46,000 consumer fiber customers, a record after the second quarter’s prior record of about 38,000, and constructed 162,000 premises, also a record after 141,000 in the second quarter. President and Chief Executive Officer Kenny Gunderman said 50% of Kinetic’s footprint is now passed with fiber and that the company remains on track to pass 3.5 million homes by the end of 2029. Kinetic capital expenditures were $371.2 million.

Fiber Infrastructure contributed $201.5 million of revenue and $98.4 million of contribution margin, for margins of about 49%. New bookings monthly recurring revenue was about $1.9 million, the second-highest level on record after the second quarter’s $2.2 million record, and 20% above the year-ago period. Gunderman said bookings continue to be fueled by demand from hyperscalers, superscalers, and increasingly traditional large enterprises for dark and lit wave solutions. Capital expenditures were $80.4 million and upfront customer payments were $50.4 million.

Uniti Solutions contributed $175.9 million of revenue and $85.9 million of contribution margin, for margins of about 49%. Capital expenditures were $7.2 million.

Cash and cash equivalents were $861.5 million at September 30, 2026, compared with $53.5 million at year-end 2025. Notes and other debt, net, were $11.27 billion. Total shareholders’ equity was a deficit of $79.5 million. In the nine months ended September 30, 2026, operating cash flow was $467.1 million, capital expenditures were $1.27 billion, and proceeds from debt issuance were $3.21 billion.

Gunderman said Uniti remains positioned as an insurgent fiber provider to capture share of what he described as generational growth in wave demand. The company will hold a conference call to discuss the results.